Tenants don't have the authority to spend your money without your permission.

Ended up looking it up on the county assessor website and the owner of the home is the local housing authority.With that being said, has anybody ever approached their housing authority to see if they can sell a property to you?

I keep my own records monthly to make sure I get the correct amount after PM % and if there were any authorized repairs by me, which would reduce from rental income.None of this is the case.

Sometimes these deeds are presented at closing unrecorded indicating that the grantor in a current closing is the purported owner of the property by virtue of that quit claim deed executed outside of the control and direction of title agent.SUCH DEEDS SHOULD NOT BE ACCEPTED WITHOUT VERIFYING THEIR AUTHENTICITY WITH THE GRANTOR WHETHER IT IS BEING PRESENTED CURRENTLY OR FOUND IN THE BACK CHAIN.Accordingly, do not insure a quit claim deed nor insure over a quit claim deed in a back chain, without appropriate underwriting authority approval.

Is it as easy as going down to the local housing authority, showing closing documents, and signing some papers?

You must get approved by the housing authority once you buy it, or a local property manager (like us) are already approved if you desire to hire a mgmt company.I believe they will allow you to rent to family member on Sec 8 but I'd have to double check with the local housing authority.If you hired a 3rd party mgmt company you could possibly get around it but I feel its a little sketchy if you're still family but just trying to use a spouse, theres tons of Sec 8 applicants so I wouldn't take an unnecessary risk of trying to game the system.You could do an LLC, generally a rental would be best NOT held in your personal name, but even if you are behind the LLC you'll still need to disclose to sec 8 that you are a family member.

Buy BP's Zero down book, its basic.Go to youtube and search "creative deals",  "lease options", "subject to",  and follow all of these authors;  Joe McCall, Joe Crump, John Jackson.   

When you finally sell the property, you can then, at that time, deduct those losses.These are the Passive Loss rules, which Congress set up to curb some pretty wild "abuses". 

Humor:  get a job as a Port Authority cop. 

Most of the BP members wont know who Floyd is but they may know his son Gino who is a successful author in his own right..